The last step of the human resource planning system is to: establish a strategic plan for recruiting, selecting, training, appraising, compensating, and scheduling the labour force
Explanation:
Human Resource Planning (HRP) is the method of forecasting the company's future human resource demands and deciding how the company's existing human resources expertise can be used to meet these requirements.
The strategy employed by the company to keep a steady supply of qualified personnel while avoiding vacancies or surpluses in its workforce is human resources preparation. A successful HRP approach will mean a company's competitiveness and profitability.
The HRP process consists of four key steps:
- These include study of current labour supply,
- Labour demand forecasts,
- The balance of expected job demand and supply, and
- Support for organisational priorities.
<span>Hello,
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Subsidy means allowance, funding, or donation.
Apart from the definition, I believe your answer would be:
<span>It keeps the price of domestic goods relatively low,
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Answer:
Socialism involves an economic ideology in which the government or state plays a strong role in the economy and may own stakes in certain businesses
Explanation:
Socialism is an Economic system owned, managed & run by state (government). The central problems of economy : what, how, for whom to produce - are solved by state. State decisions are based on social welfare guidelines. Market forces are insignificant, private accumulation of property is not there.
However, in Capitalist system - resources are owned, managed, controlled by private sector. The central problems of economy are solved by private sector, as per market forces & profit maximisation guideline. Private accumulation of property is allowed. The system has two classes : Bourgeoisie (Capitalist wealthy entrepreneur class) & Proletariat (Labourers)
So, Socialism having everything under state control, has no classes -Bourgeoisie (entrepreneurs) & Proletariat (Labourers). Hence, it is a Classless Economic System
Answer: The cover letter gives you the opportunity to elaborate on your story before getting the chance to interview with the hiring manager.
Explanation: While you get the chance to exhibit your qualifications for the job and explain what makes you a good fit, an employer gets to know more about your current situation.
